Vote for candidate who will take national debt seriously

The term, "short-sighted academic" should replace "short-sighted businessman" in our public discourse.

Last year, two CSU economics professors wrote in the Coloradoan that huge federal budget deficits shouldn't worry us. However, one of them admitted that they could pose future problems.

Last week, when David Letterman asked the president about skyrocketing budget deficits, the former law professor replied, "We don't have to worry about it, short term; but it is a problem long term, and even medium term."

Yesterday, there were riots in Spain and Greece over budget cuts prompted by the European debt crisis. The president's "medium term" is already visible across the Atlantic.

The president's own budget - including his proposed taxes - keeps the national debt greater than 100 percent of our gross national product every year for ten years. It was less than half of GDP when he took office. The Romney/Ryan plan would bring the debt down to 85 percent of GDP in ten years.

Both Republicans and Democrats in Washington have failed the test of fiscal responsibility. How can we know who will budget responsibly?

Here's a clue: President Obama opposes a balanced budget amendment to the Constitution. Governor Romney supports such an amendment.

People concerned about the national debt should vote for the candidate who will take it seriously right now, not after he leaves office.

Quin Roberts, Fort Collins

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Vote for candidate who will take national debt seriously

The term, 'short-sighted academic' should replace 'short-sighted businessman' in our public discourse. Last year, two CSU economics professors wrote in the Coloradoan that huge federal budget